Credit Acceptance (CACC) to Release Earnings on Wednesday

Credit Acceptance (NASDAQ:CACC - Get Free Report) is expected to announce its Q1 2025 earnings results before the market opens on Wednesday, April 30th. Analysts expect the company to announce earnings of $10.31 per share and revenue of $570.25 million for the quarter.

Credit Acceptance (NASDAQ:CACC - Get Free Report) last posted its earnings results on Thursday, January 30th. The credit services provider reported $10.17 earnings per share for the quarter, topping analysts' consensus estimates of $7.70 by $2.47. Credit Acceptance had a net margin of 11.46% and a return on equity of 29.01%. On average, analysts expect Credit Acceptance to post $53 EPS for the current fiscal year and $60 EPS for the next fiscal year.

Credit Acceptance Price Performance

Shares of CACC traded down $3.39 during mid-day trading on Friday, reaching $483.36. 53,285 shares of the stock traded hands, compared to its average volume of 62,712. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 24.34 and a beta of 1.27. Credit Acceptance has a 1 year low of $409.22 and a 1 year high of $614.96. The firm has a fifty day moving average price of $488.13 and a 200 day moving average price of $481.06. The company has a current ratio of 20.33, a quick ratio of 20.33 and a debt-to-equity ratio of 3.63.

Insiders Place Their Bets

In related news, insider Douglas W. Busk sold 3,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $515.97, for a total transaction of $1,547,910.00. Following the transaction, the insider now directly owns 3,112 shares of the company's stock, valued at approximately $1,605,698.64. This trade represents a 49.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicholas J. Elliott sold 300 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $502.00, for a total value of $150,600.00. Following the completion of the sale, the insider now directly owns 19,385 shares of the company's stock, valued at approximately $9,731,270. This represents a 1.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company's stock.

Analyst Ratings Changes

CACC has been the topic of several recent analyst reports. Stephens raised their price target on Credit Acceptance from $452.00 to $500.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. StockNews.com raised shares of Credit Acceptance from a "hold" rating to a "buy" rating in a research note on Friday, January 31st.

About Credit Acceptance

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers.